Freddie Prices Reference REMIC

Freddie Mac has priced Reference REMIC R-003, Class AG, a $2.5 billion issue of real estate mortgage investment conduit securities.The issue (CUSIP: 31396C3C2) was priced at 99.777343750 to yield 5.1872%, or 87 basis points over the interpolated Treasury curve, the government-sponsored enterprise said. Class AG is a "guaranteed maturity class" designed to reduce extension risk for investors, a special feature of Reference REMICs. The GMC has a class coupon of 5.125% and a final maturity date of Oct. 15, 2015. Credit Suisse First Boston, Deutsche Bank Securities Inc., and UBS Investment Bank were the joint lead managers of the transaction.

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